GETB GetBusy (LSE:GETB) reported group annualised recurring revenue of £23.4 million for the four months ended 30 April 2026, representing an 11% increase year-on-year. The company said stronger adoption of artificial intelligence features across its software platforms helped drive the improved performance. Management added that the results support confidence in continued growth and reaffirmed its guidance for 2026, highlighting ongoing operational progress for investors and stakeholders.
SmartVault, which is now integrated with all leading US tax preparation software platforms, recorded ARR growth of 19% to $18.5 million alongside a 36% increase in new business activity. The company said this further establishes SmartVault as a key component within US tax workflows, supported by high switching costs and the scale of its document management infrastructure. Meanwhile, Workiro returned to growth following a renewed emphasis on professional services customers and an expanded collaboration with UK tax software provider TaxCalc. Continued migrations from the legacy Virtual Cabinet platform are also contributing to higher average revenue per user and lower churn, supporting GetBusy’s wider move toward AI-enabled cloud workflow products.
Management expects the upcoming launch of SmartProposals, together with additional SmartVault upgrades, to extend the platform’s role further into customer engagement and pricing functions. Alongside planned integration partnerships for Workiro across the UK and ANZ markets, the company believes these initiatives will strengthen GetBusy’s standing as a core infrastructure provider for tax and document workflow services, with AI increasingly positioned as a major driver of value creation across its platforms.
The company’s outlook is held down primarily by balance-sheet risk (negative equity) and volatile profitability despite strong gross margins. Improving cash flow provides some support, but technicals remain weak-to-neutral and valuation is constrained by a negative P/E and no dividend data.
More about GetBusy Plc
GetBusy plc is a UK-listed provider of specialist SaaS document workflow software serving professional and financial services industries. The business focuses on securing and automating workflows linked to more than 1.3 billion high-value documents. Its strategy is centred on generating near-term cash returns from SmartVault, its expanding US tax workflow platform, while continuing to develop Workiro, a collaboration and content management solution integrated with professional services and cloud ERP ecosystems and used by more than 60,000 paying customers globally.
The Group positions its AI-enabled software as mission-critical tools embedded in customers’ day-to-day operations, particularly for regulated industries requiring secure, compliant and automated document management. Through integrations with leading tax and compliance software providers in the US, UK and ANZ regions, GetBusy aims to establish itself as the preferred independent workflow engine for tax and professional services firms, supporting recurring revenues through long customer retention and high switching barriers.
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